Two of Indianapolis Mayor Greg Ballard’s top administrative officials are preparing to step down for jobs in the private sector, so he’s tapped two others to replace them.

Deputy Mayor for Economic Development Nick Weber and Indianapolis Local Public Improvement Bond Bank Executive Director Kevin Taylor both on Friday morning revealed their plans to leave Ballard’s team March 19th.

Weber will be replaced by Michael Huber, who has served as Ballard’s director of enterprise development. Taylor will be replaced by Deron Kintner, the Bond Bank’s deputy director and general counsel.

“Nick Weber has done a great job closing key deals for the mayor that have helped us expand, add jobs and retain jobs,” Huber said. “My mission the next two years is to execute and implement the mayor’s vision.”

Before joining Ballard’s administration in January 2008, Weber was a press secretary and campaign manager for Sen. Richard Lugar. Earlier in his career, he was a spokesman for former Mayor Stephen Goldsmith.

As Deputy Mayor, Weber said he was proud to have helped Ballard seal the city’s recent deal with Dow AgroSciences. The company last week announced it will invest $340 million to expand its research and development capacity here and add 577 new jobs. Weber’s accomplishments also included spearheading a realignment of city economic development and work force development resources for greater efficiency.

Weber’s next job will be with Indianapolis-based law firm Baker and Daniels LLC’s consulting arm, where he said he’ll be engaged in government relations, strategic communications and economic development.

“There’s a whole host of things I think I can be helpful with, and I’m looking forward to,” Weber said. “I’ve certainly enjoyed everything I’ve been able to do with the mayor and for the city. I wouldn’t trade any day for anything.”

City Securities Corp., the state’s largest and oldest investment firm, lured Taylor away from the Bond Bank. Taylor’s next job will be as City Securities’ executive vice president, heading up its municipal finance group.

Like Weber, Taylor also joined Ballard’s administration in its earliest days. Before managing the city’s Bond Bank, he had jobs related to municipal credit with Standard and Poor’s Corp. in New York City, Prudential Securities and AIG’s Global Investment Group.

Taylor helped steer Indianapolis through the recession’s credit crisis. Amid the turbulence, Taylor said, the Bond Bank reduced its exposure to variable-rate debt by 92 percent.

Taylor added he’s particularly proud of the city’s recent $640 million 30-year bond issue in support of the Indianapolis Health and Hospital Corporation. Taylor said the debt will cost about $356 million less than was authorized by voters.

“This is a real dynamic time for public finance nationwide,” Taylor said.

The Bond Bank’s board will meet Monday to consider approval of Kintner as Taylor’s replacement.